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Iris Energy
IRENNASDAQ
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Iris Energy (NASDAQ:IREN) Stock, Analyst Ratings, Price Targets, Forecasts
Iris Energy Ltd has a consensus price target of $15.06 based on the ratings of 14 analysts. The high is $31 issued by Macquarie on December 13, 2021. The low is $4.3 issued by Cowen & Co. on September 23, 2022. The 3 most-recent analyst ratings were released by B. Riley Securities, Bernstein, and B. Riley Securities on July 12, 2024, July 10, 2024, and June 24, 2024, respectively. With an average price target of $20.33 between B. Riley Securities, Bernstein, and B. Riley Securities, there's an implied 78.21% upside for Iris Energy Ltd from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
B. Riley Securities
Bernstein
Cantor Fitzgerald
JP Morgan
HC Wainwright & Co.
1calculated from analyst ratings
Analyst Ratings for Iris Energy
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/12/2024 | Buy Now | 48.99% | B. Riley Securities | Lucas Pipes | $18 → $17 | Maintains | Buy | Get Alert |
| 07/10/2024 | Buy Now | 127.87% | Bernstein | Gautam Chhugani | → $26 | Initiates | → Outperform | Get Alert |
| 06/24/2024 | Buy Now | 57.76% | B. Riley Securities | Lucas Pipes | $9.5 → $18 | Maintains | Buy | Get Alert |
| 06/11/2024 | Buy Now | 101.58% | Cantor Fitzgerald | Brett Knoblauch | → $23 | Assumes | → Overweight | Get Alert |
| 06/04/2024 | Buy Now | -3.59% | JP Morgan | Reginald Smith | $10 → $11 | Maintains | Overweight | Get Alert |
| 05/16/2024 | Buy Now | -12.36% | HC Wainwright & Co. | Mike Colonnese | → $10 | Reiterates | Buy → Buy | Get Alert |
| 05/16/2024 | Buy Now | 5.17% | Canaccord Genuity | Joseph Vafi | $9 → $12 | Maintains | Buy | Get Alert |
| 05/06/2024 | Buy Now | -21.12% | Canaccord Genuity | Joseph Vafi | $9 → $9 | Maintains | Buy | Get Alert |
| 04/02/2024 | Buy Now | -12.36% | HC Wainwright & Co. | Mike Colonnese | $10 → $10 | Maintains | Buy | Get Alert |
| 04/01/2024 | Buy Now | -12.36% | Cantor Fitzgerald | Josh Siegler | → $10 | Reiterates | Overweight → Overweight | Get Alert |
| 03/28/2024 | Buy Now | -12.36% | Cantor Fitzgerald | Josh Siegler | → $10 | Reiterates | Overweight → Overweight | Get Alert |
| 03/28/2024 | Buy Now | -21.12% | Canaccord Genuity | Joseph Vafi | → $9 | Reiterates | Buy → Buy | Get Alert |
| 03/15/2024 | Buy Now | -16.74% | B. Riley Securities | Lucas Pipes | $10 → $9.5 | Maintains | Buy | Get Alert |
| 02/22/2024 | Buy Now | -21.12% | Canaccord Genuity | Joseph Vafi | $8 → $9 | Maintains | Buy | Get Alert |
| 02/21/2024 | Buy Now | -12.36% | B. Riley Securities | Lucas Pipes | $8 → $10 | Maintains | Buy | Get Alert |
| 12/08/2023 | Buy Now | -16.74% | JP Morgan | Reginald Smith | $9 → $9.5 | Maintains | Overweight | Get Alert |
| 12/04/2023 | Buy Now | -12.36% | Cantor Fitzgerald | Josh Siegler | → $10 | Reiterates | Overweight → Overweight | Get Alert |
| 11/22/2023 | Buy Now | -12.36% | HC Wainwright & Co. | Mike Colonnese | $11 → $10 | Maintains | Buy | Get Alert |
| 10/11/2023 | Buy Now | -43.03% | JP Morgan | Reginald Smith | → $6.5 | Upgrade | Neutral → Overweight | Get Alert |
| 10/10/2023 | Buy Now | -12.36% | Cantor Fitzgerald | Josh Siegler | → $10 | Reiterates | Overweight → Overweight | Get Alert |
| 09/25/2023 | Buy Now | -12.36% | Cantor Fitzgerald | Josh Siegler | → $10 | Reiterates | Overweight → Overweight | Get Alert |
| 09/25/2023 | Buy Now | -29.89% | B. Riley Securities | Lucas Pipes | → $8 | Reiterates | Buy → Buy | Get Alert |
| 09/14/2023 | Buy Now | -3.59% | HC Wainwright & Co. | Mike Colonnese | $10 → $11 | Maintains | Buy | Get Alert |
| 09/14/2023 | Buy Now | -29.89% | Canaccord Genuity | Joseph Vafi | → $8 | Reiterates | Buy → Buy | Get Alert |
| 09/05/2023 | Buy Now | -12.36% | Cantor Fitzgerald | Josh Siegler | → $10 | Reiterates | Overweight → Overweight | Get Alert |
| 08/28/2023 | Buy Now | -12.36% | Cantor Fitzgerald | Josh Siegler | → $10 | Reiterates | Overweight → Overweight | Get Alert |
| 08/14/2023 | Buy Now | -38.65% | Cantor Fitzgerald | Josh Siegler | → $7 | Reiterates | Overweight → Overweight | Get Alert |
| 06/22/2023 | Buy Now | -29.89% | Canaccord Genuity | Joseph Vafi | → $8 | Reiterates | Buy → Buy | Get Alert |
| 06/21/2023 | Buy Now | -12.36% | HC Wainwright & Co. | Mike Colonnese | $8 → $10 | Maintains | Buy | Get Alert |
| 05/12/2023 | Buy Now | -38.65% | Cantor Fitzgerald | Josh Siegler | $4 → $7 | Upgrade | Neutral → Overweight | Get Alert |
| 04/25/2023 | Buy Now | -56.18% | B. Riley Securities | Lucas Pipes | $4 → $5 | Maintains | Buy | Get Alert |
| 04/14/2023 | Buy Now | -3.59% | Compass Point | Chase White | $6.5 → $11 | Maintains | Buy | Get Alert |
| 04/06/2023 | Buy Now | -64.94% | B. Riley Securities | Lucas Pipes | → $4 | Initiates | → Buy | Get Alert |
| 02/17/2023 | Buy Now | -29.89% | Canaccord Genuity | Joseph Vafi | $14 → $8 | Maintains | Buy | Get Alert |
| 02/16/2023 | Buy Now | -29.89% | HC Wainwright & Co. | Mike Colonnese | → $8 | Upgrade | Neutral → Buy | Get Alert |
| 11/22/2022 | Buy Now | -73.71% | HC Wainwright & Co. | Mike Colonnese | $7 → $3 | Downgrade | Buy → Neutral | Get Alert |
| 11/08/2022 | Buy Now | -73.71% | Cantor Fitzgerald | Josh Siegler | $7 → $3 | Downgrade | Overweight → Neutral | Get Alert |
| 10/25/2022 | Buy Now | -25.5% | Compass Point | Chase White | $6.5 → $8.5 | Maintains | Buy | Get Alert |
| 09/23/2022 | Buy Now | -62.31% | Cowen & Co. | Stephen Glagola | $14 → $4.3 | Downgrade | Outperform → Market Perform | Get Alert |
| 09/15/2022 | Buy Now | -47.41% | Citigroup | Tyler Radke | $8 → $6 | Maintains | Buy | Get Alert |
| 09/14/2022 | Buy Now | -43.03% | Compass Point | Giuliano Bologna | $6 → $6.5 | Upgrade | Neutral → Buy | Get Alert |
| 08/30/2022 | Buy Now | -38.65% | HC Wainwright & Co. | Mike Colonnese | → $7 | Initiates | → Buy | Get Alert |
| 06/28/2022 | Buy Now | 92.81% | Cantor Fitzgerald | Josh Siegler | → $22 | Assumes | → Overweight | Get Alert |
| 03/08/2022 | Buy Now | 136.63% | Compass Point | Giuliano Bologna | $22 → $27 | Downgrade | Buy → Neutral | Get Alert |
| 02/18/2022 | Buy Now | 119.11% | Cantor Fitzgerald | Mike Colonnese | → $25 | Initiates | → Overweight | Get Alert |
| 01/05/2022 | Buy Now | 171.69% | Cowen & Co. | Stephen Glagola | → $31 | Initiates | → Outperform | Get Alert |
| 12/14/2021 | Buy Now | 57.76% | Citigroup | Jim Suva | — | Initiates | → Buy | Get Alert |
| 12/13/2021 | Buy Now | 171.69% | Macquarie | Paul Golding | — | Initiates | → Outperform | Get Alert |
| 12/13/2021 | Buy Now | 162.93% | Canaccord Genuity | Joseph Vafi | — | Initiates | → Buy | Get Alert |
| 12/13/2021 | Buy Now | 92.81% | Compass Point | Giuliano Bologna | — | Initiates | → Buy | Get Alert |
| 12/13/2021 | Buy Now | 162.93% | JP Morgan | Reginald Smith | — | Initiates | → Overweight | Get Alert |
FAQ
What is the target price for Iris Energy (IREN) stock?
The latest price target for Iris Energy (NASDAQ:IREN) was reported by B. Riley Securities on July 12, 2024. The analyst firm set a price target for $17.00 expecting IREN to rise to within 12 months (a possible 48.99% upside). 27 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Iris Energy (IREN)?
The latest analyst rating for Iris Energy (NASDAQ:IREN) was provided by B. Riley Securities, and Iris Energy maintained their buy rating.
When was the last upgrade for Iris Energy (IREN)?
The last upgrade for Iris Energy Ltd happened on October 11, 2023 when JP Morgan raised their price target to $6.5. JP Morgan previously had a neutral for Iris Energy Ltd.
When was the last downgrade for Iris Energy (IREN)?
The last downgrade for Iris Energy Ltd happened on November 22, 2022 when HC Wainwright & Co. changed their price target from $7 to $3 for Iris Energy Ltd.
When is the next analyst rating going to be posted or updated for Iris Energy (IREN)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Iris Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Iris Energy was filed on July 12, 2024 so you should expect the next rating to be made available sometime around July 12, 2025.
Is the Analyst Rating Iris Energy (IREN) correct?
While ratings are subjective and will change, the latest Iris Energy (IREN) rating was a maintained with a price target of $18.00 to $17.00. The current price Iris Energy (IREN) is trading at is $11.41, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.